Why ATI Physical Therapy Stock Rocketed 35% Today

Shares of ATI Physical Therapy (NYSE: ATIP) stock roared ahead 35.3% through noon EST Wednesday. And why wouldn't they?

On the one hand, the PT chain missed analyst forecasts for $159.6 million in third-quarter revenue by a smidge, reporting $159 million, instead. On the other hand, though, ATI pared its net losses significantly, if only sequentially. That seems to have been good enough news for investors, though.

Image source: Getty Images.

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Source Fool.com